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KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Committee, c/o ANZ Grindlays Bank Ltd, on Thursday (October 22, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 22.10.2020   VALUE 22.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0343% PA            0.7158% PA
For  6 months and over but less than
    12 Months           0.0019% PA            0.7519% PA
For 12 months           0.0871% PA            0.9621% PA
For  2 Years            0.0871% PA            1.4621% PA
For  3 Years            0.0871% PA            1.7121% PA
For  4 years            0.0871% PA            1.9621% PA
For  5 years            0.0871% PA            2.0871% PA
--------------------------------------------------------
POUND STERLING       VALUE 22.10.2020   VALUE 22.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.2018% PA            0.5483% PA
For  6 months and over but less than
    12 months          -0.1795% PA            0.5705% PA
For 12 Months          -0.1301% PA            0.7449% PA
For  2 Years           -0.1301% PA            1.2449% PA
For  3 Years           -0.1301% PA            1.4949% PA
For  4 years           -0.1301% PA            1.7449% PA
For  5 years           -0.1301% PA            1.8699% PA
--------------------------------------------------------
EURO                 VALUE 22.10.2020   VALUE 22.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2831% PA            1.0331% PA
For  6 months and over but less than
    12 months           0.2604% PA            0.0104% PA
For 12 Months           0.2136% PA            1.0886% PA
For  2 Years            0.2136% PA            1.5886% PA
For  3 Years            0.2136% PA            1.8386% PA
For  4 years            0.2136% PA            2.0886% PA
For  5 years            0.2136% PA            2.2136% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 22.10.2020   VALUE 22.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1488% PA            0.6012% PA
For  6 months and over but less than
    12 months           0.1895% PA            0.5605% PA
For 12 Months           0.2052% PA            0.6698% PA
For  2 Years            0.2052% PA            1.1698% PA
For  3 Years            0.2052% PA            1.4198% PA
For  4 Years            0.2052% PA            1.6698% PA
For  5 years            0.2052% PA            1.7948% PA
========================================================

Copyright Business Recorder, 2020

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